BUZZ-India's Uno Minda hits record on EV parts pact with China's Inovance

Reuters06-06

** Shares of Uno Minda Ltd rise as much as 9.3% to record 940.75 rupees

** Auto parts maker last up 7.4%

** UNOI signs technical licence agreement with China's lnovance Automotive for manufacturing and selling certain EV parts, including electric motor

** Partnership to help co expand electric offerings for passenger and commercial vehicles; may form JV with Inovance - UNOI

** Analysts tracking UNOI rate it "buy" on avg, same as peer Samvardhana Motherson , while Bosch rated "hold" - LSEG data

** UNOI up ~34% so far this year, lagging BOSH's 39% rise and SAMD's ~51% YTD jump

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

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